IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i8p4744-d794641.html
   My bibliography  Save this article

Analysis of Influencing Factors in Purchasing Electric Vehicles Using a Structural Equation Model: Focused on Suwon City

Author

Listed:
  • Sukhee Kim

    (Department of Urban Space Research, Suwon Research Institute, Gweonseon-gu, Suwon 16429, Korea)

  • Jungyoon Choi

    (TOD-Based Sustainable Urban/Transportation Research Center, Yeongtong-gu, Suwon 16499, Korea)

  • Yongju Yi

    (TOD-Based Sustainable Urban/Transportation Research Center, Yeongtong-gu, Suwon 16499, Korea)

  • Hyungjun Kim

    (Department of Urban Space Research, Suwon Research Institute, Gweonseon-gu, Suwon 16429, Korea)

Abstract

The global automobile market is promoting the introduction of eco-friendly vehicles such as electric vehicles and hydrogen vehicles. However, disadvantages such as expensive prices and limited mileage compared to internal combustion engine vehicles have become obstacles to the expansion of eco-friendly vehicles. Therefore, in this study, a survey was conducted on the purchase of electric vehicles for citizens of Suwon. Using the survey data, a structural equation model was constructed to analyze the factors affecting the purchase of electric vehicles, which are eco-friendly vehicles. The results indicate that a lack of information and government policy on EV, the level of EV recognition and subsidy policy do not have an effect on EV purchase. However, charging infrastructure, battery performance and safety, operating conditions including ramps or use of heaters and air conditioners, subsidy effects and charging services demonstrate positive effects on EV purchase. Using direct and indirect effect analysis, the study shows that higher government subsidy and visiting charging services are the two most influential factors on EV purchase, followed by EV driving environment, charging infrastructure, battery performance and safety, and a lack of information and electric vehicle supply policy.

Suggested Citation

  • Sukhee Kim & Jungyoon Choi & Yongju Yi & Hyungjun Kim, 2022. "Analysis of Influencing Factors in Purchasing Electric Vehicles Using a Structural Equation Model: Focused on Suwon City," Sustainability, MDPI, vol. 14(8), pages 1-17, April.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:8:p:4744-:d:794641
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/8/4744/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/8/4744/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hidrue, Michael K. & Parsons, George R. & Kempton, Willett & Gardner, Meryl P., 2011. "Willingness to pay for electric vehicles and their attributes," Resource and Energy Economics, Elsevier, vol. 33(3), pages 686-705, September.
    2. Fanchao Liao & Eric Molin & Bert van Wee, 2017. "Consumer preferences for electric vehicles: a literature review," Transport Reviews, Taylor & Francis Journals, vol. 37(3), pages 252-275, May.
    3. Plötz, Patrick & Schneider, Uta & Globisch, Joachim & Dütschke, Elisabeth, 2014. "Who will buy electric vehicles? Identifying early adopters in Germany," Transportation Research Part A: Policy and Practice, Elsevier, vol. 67(C), pages 96-109.
    4. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
    5. Li, Wenbo & Long, Ruyin & Chen, Hong & Geng, Jichao, 2017. "A review of factors influencing consumer intentions to adopt battery electric vehicles," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 318-328.
    6. Vassileva, Iana & Campillo, Javier, 2017. "Adoption barriers for electric vehicles: Experiences from early adopters in Sweden," Energy, Elsevier, vol. 120(C), pages 632-641.
    7. Higgins, Christopher D. & Mohamed, Moataz & Ferguson, Mark R., 2017. "Size matters: How vehicle body type affects consumer preferences for electric vehicles," Transportation Research Part A: Policy and Practice, Elsevier, vol. 100(C), pages 182-201.
    8. Loewenstein, George & Thaler, Richard H, 1989. "Intertemporal Choice," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 181-193, Fall.
    9. Kim, Moon-Koo & Oh, Jeesun & Park, Jong-Hyun & Joo, Changlim, 2018. "Perceived value and adoption intention for electric vehicles in Korea: Moderating effects of environmental traits and government supports," Energy, Elsevier, vol. 159(C), pages 799-809.
    10. Junquera, Beatriz & Moreno, Blanca & Álvarez, Roberto, 2016. "Analyzing consumer attitudes towards electric vehicle purchasing intentions in Spain: Technological limitations and vehicle confidence," Technological Forecasting and Social Change, Elsevier, vol. 109(C), pages 6-14.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Idiano D’Adamo & Massimo Gastaldi & Jacopo Piccioni & Paolo Rosa, 2023. "The Role of Automotive Flexibility in Supporting the Diffusion of Sustainable Mobility Initiatives: A Stakeholder Attitudes Assessment," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(3), pages 459-481, September.
    2. Miaomei Guo & Weilun Huang, 2023. "Consumer Willingness to Recycle The Wasted Batteries of Electric Vehicles in the Era of Circular Economy," Sustainability, MDPI, vol. 15(3), pages 1-20, February.
    3. Andri Ottesen & Sumayya Banna & Basil Alzougool, 2022. "Attitudes of Drivers towards Electric Vehicles in Kuwait," Sustainability, MDPI, vol. 14(19), pages 1-16, September.
    4. Aleksandra Kaczyńska & Piotr Sulikowski & Jarosław Wątróbski & Wojciech Sałabun, 2023. "Enhancing Sustainable Assessment of Electric Vehicles: A Comparative Study of the TOPSIS Technique with Interval Numbers for Uncertainty Management," Energies, MDPI, vol. 16(18), pages 1-17, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peng, Ruoqing & Tang, Justin Hayse Chiwing G. & Yang, Xiong & Meng, Meng & Zhang, Jie & Zhuge, Chengxiang, 2024. "Investigating the factors influencing the electric vehicle market share: A comparative study of the European Union and United States," Applied Energy, Elsevier, vol. 355(C).
    2. Ye Yang & Zhongfu Tan, 2019. "Investigating the Influence of Consumer Behavior and Governmental Policy on the Diffusion of Electric Vehicles in Beijing, China," Sustainability, MDPI, vol. 11(24), pages 1-20, December.
    3. Eunsung Kim & Eunnyeong Heo, 2019. "Key Drivers behind the Adoption of Electric Vehicle in Korea: An Analysis of the Revealed Preferences," Sustainability, MDPI, vol. 11(23), pages 1-15, December.
    4. Elena Higueras-Castillo & Sebastian Molinillo & J. Andres Coca-Stefaniak & Francisco Liébana-Cabanillas, 2020. "Potential Early Adopters of Hybrid and Electric Vehicles in Spain—Towards a Customer Profile," Sustainability, MDPI, vol. 12(11), pages 1-18, May.
    5. Felix Hinnüber & Marek Szarucki & Katarzyna Szopik-Depczyńska, 2019. "The Effects of a First-Time Experience on the Evaluation of Battery Electric Vehicles by Potential Consumers," Sustainability, MDPI, vol. 11(24), pages 1-25, December.
    6. Gulzari, Adeela & Wang, Yuchen & Prybutok, Victor, 2022. "A green experience with eco-friendly cars: A young consumer electric vehicle rental behavioral model," Journal of Retailing and Consumer Services, Elsevier, vol. 65(C).
    7. Adu-Gyamfi, Gibbson & Asamoah, Ama Nyarkoh & Obuobi, Bright & Nketiah, Emmanuel & Zhang, Ming, 2024. "Electric mobility in an oil-producing developing nation: Empirical assessment of electric vehicle adoption," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    8. Mandys, F., 2021. "Electric vehicles and consumer choices," Renewable and Sustainable Energy Reviews, Elsevier, vol. 142(C).
    9. Mustafa Hamurcu & Tamer Eren, 2023. "Multicriteria decision making and goal programming for determination of electric automobile aimed at sustainable green environment: a case study," Environment Systems and Decisions, Springer, vol. 43(2), pages 211-231, June.
    10. Meilinda Fitriani Nur Maghfiroh & Andante Hadi Pandyaswargo & Hiroshi Onoda, 2021. "Current Readiness Status of Electric Vehicles in Indonesia: Multistakeholder Perceptions," Sustainability, MDPI, vol. 13(23), pages 1-25, November.
    11. Hackbarth, André & Madlener, Reinhard, 2018. "Combined Vehicle Type and Fuel Type Choices of Private Households: An Empirical Analysis for Germany," FCN Working Papers 17/2018, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), revised May 2019.
    12. Jia, Wenjian & Jiang, Zhiqiu & Wang, Qian & Xu, Bin & Xiao, Mei, 2023. "Preferences for zero-emission vehicle attributes: Comparing early adopters with mainstream consumers in California," Transport Policy, Elsevier, vol. 135(C), pages 21-32.
    13. Trotta, Gianluca & Sommer, Stephan, 2024. "The effect of changing registration taxes on electric vehicle adoption in Denmark," Transportation Research Part A: Policy and Practice, Elsevier, vol. 185(C).
    14. Qian, Lixian & Huang, Youlin & Tyfield, David & Soopramanien, Didier, 2023. "Dynamic consumer preferences for electric vehicles in China: A longitudinal approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 176(C).
    15. Moon, HyungBin & Park, Stephen Youngjun & Woo, JongRoul, 2021. "Staying on convention or leapfrogging to eco-innovation?: Identifying early adopters of hydrogen-powered vehicles," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    16. Kim, Moon-Koo & Oh, Jeesun & Park, Jong-Hyun & Joo, Changlim, 2018. "Perceived value and adoption intention for electric vehicles in Korea: Moderating effects of environmental traits and government supports," Energy, Elsevier, vol. 159(C), pages 799-809.
    17. Huang, Youlin & Qian, Lixian, 2021. "Consumer adoption of electric vehicles in alternative business models," Energy Policy, Elsevier, vol. 155(C).
    18. Ramos-Real, Francisco J. & Ramírez-Díaz, Alfredo & Marrero, Gustavo A. & Perez, Yannick, 2018. "Willingness to pay for electric vehicles in island regions: The case of Tenerife (Canary Islands)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 98(C), pages 140-149.
    19. Andriosopoulos, Kostas & Bigerna, Simona & Bollino, Carlo Andrea & Micheli, Silvia, 2018. "The impact of age on Italian consumers' attitude toward alternative fuel vehicles," Renewable Energy, Elsevier, vol. 119(C), pages 299-308.
    20. Zarazua de Rubens, Gerardo, 2019. "Who will buy electric vehicles after early adopters? Using machine learning to identify the electric vehicle mainstream market," Energy, Elsevier, vol. 172(C), pages 243-254.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:8:p:4744-:d:794641. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.